UK Inflation Rate, £100 in 1759 to 2018

According to the Office for National Statistics composite price index, prices in 2018 are
18,892.99% higher than
average prices throughout 1759.
The pound experienced an average inflation rate of 2.05% per year during this period, meaning the real value of a dollar decreased.

In other words, £100 in 1759 is equivalent in purchasing power to about £18,992.99 in 2018, a difference of £18,892.99 over 259 years.

The 1759 inflation rate was -7.94%. The inflation rate in 2018 was 2.48%.
The 2018 inflation rate is higher compared to the average inflation rate of 1.80% per year between 2018 and 2019.

£100 in 1759 has the same "purchasing power" or "buying power" as £18,992.99 in 2018.

To get the total inflation rate for the 259 years between 1759 and 2018, we use the following formula:

CPI in 2018 - CPI in 1759CPI in 1759

×

100

=

Cumulative inflation rate (259 years)

Plugging in the values to this equation, we get:

1101.59335 - 5.85.8

×

100

=

18,893%

Data Source & Citation

Raw data for these calculations comes from
the composite price index published by the UK Office for National Statistics (ONS). A composite index is created by combining price data from several different published sources, both official and unofficial. The Consumer Price Index, normally used to compute inflation, has only been tracked since 1988. All inflation calculations after 1988 use the Office for National Statistics' Consumer Price Index, except for 2017, which is based on The Bank of England's forecast.

You may use the following MLA citation for this page:
“1759 pounds in 2018 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 May. 2019, https://www.officialdata.org/1759-GBP-in-2018.